Current Affairs 19th June 2019
Important Current Affairs.
Current Affairs 19th June 2019
India is set to overtake China as the most populous country by 2027: UN report
United Nations report said that India is set to overtake China as the most populous country by 2027. India will have almost 1.64 billion inhabitants by 2050. South Asia’s opportunity to reap the demographic dividend will peak by 2047.
According to the World Population Prospects 2019 report India is expected to have the largest national increase in the world by 2050. China, on the other hand, is expected to become smaller, dropping from its current 1.43 billion people to approximately 1.4 billion by 2050.
However, while India may have the highest absolute increase in numbers, its rate of growth is slowing. The Central and the Southern Asia region, of which India is a part, is expected to see a 25% increase in population between now and 2050.
17th Lok Sabha Speaker
Om Birla has been unanimously elected as the 17th Lok Sabha Speaker with the opposition Congress coming out in support of the National Democratic Alliance (NDA)’s candidate. Birla will replace Sumitra Mahajan.
Mr.Om Birla:
He is a two-time Bharatiya Janata Party (BJP) member of Parliament (MP) from Rajasthan. Birla is also a member of the Standing Committee on Energy in Parliament, member of Committee on Petitions and Consultative Committee for Ministry of social justice and empowerment. He has an 86% average attendance in the House.
Facebook unveiled its cryptocurrency, Libra
Facebook finally unveiled the details of Libra, its cryptocurrency. Using Libra people can buy things or send money to people with nearly zero fees. It will be rolled out for use in 2020 and allow the platform’s billions of users across the globe to make financial transactions online. The currency will be serviced by a collective of companies called the Libra Association.
Libra:
Libra is a global currency and financial infrastructure. In other words, it is a digital asset built by Facebook and powered by a new Facebook-created version of the blockchain, the encrypted technology used by bitcoin and other cryptocurrencies.
Facebook aims to reach 1.7 billion people around the world who do not have access to a bank account. This new technology threatens to change the landscape of banking.